ipThe man was bonkers, but we could not get the law to allow us to protect him, even though we would be subject to bailing him out from his current idiocy due to filial responsibility laws. So we need to protect ourselves.

Filial responsibility laws? I'll have to look that up. My FIL is a complete idiot when it comes to $. He was an idiot when he was young and it keeps getting worse. He is a good man, made a good income all his life, works hard, provides for his family and is loved by everyone. But any time he has 2 nickels to rub together, he's off to Wal-Mart and fills up his cart with crap that breaks in 6 months. He is a hoarder. Over his life, he bought 5 different time-shares. Every time we go to his house, there is some new gadget he got talked into buying from some phone salesman or something he saw on late night tv.

The good thing is he was a has 3 income streams where he cannot touch the principle: military pension, corporate pension and SS. Plus he gets all his medical care paid for as a vet.

Yet he and MIL declared bankruptcy a few years ago and stiffed his creditors of over 90k. He's already started racking up credit again. I can't believe he can still borrow money. I've warned my wife that we are not picking up the tab (like we have in the past at times) for any more of his financial gaffs. Been there, done that, got the T-Shirt. He's 82 now and keeps doing stupid things like giving money to loser grandkids that give him some bs sob story and then turn and around and use the $ for drugs, gambling or some entertainment gadget.

DW and I will need to protect ourselves from them as they get older. MIL is about gone physically and is fading mentally as well. Financially, she was the smart one and the only person (he will not listen to his kids) keeping him from ruining them. When she is gone, he's going to go crazy with whatever $ he has and probably lose his house as a result.

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